How will my business income affect my personal income tax?
Submitted by admin on September 2, 2010 – 10:00 amNo Replies
A web user asks, I have always been confident doing my own taxes but this year I have some minuscule income from work as a performing musician that has to go through my ABN. As a sole trader, how does this affect my personal income tax?
I should also mention that my business has made a loss, in case that changes things.
Can you help them out? Post your advice!
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